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India's GDP News

18 Sep 2024

India’s Richest And Poorest States: Southern States Lead GDP

Karnataka, Andhra Pradesh, Telangana, Kerala, and Tamil Nadu collectively contribute 30 per cent of the country’s GDP, as highlighted in the report.

31 Jan 2024

International Monetary Fund makes huge claim over India's economy

The International Monetary Fund (IMF) has also endorsed the rapid pace of the Indian economy. The International Monetary Fund, while raising its own estimate of India's growth rate, has indicated that India will continue to be the fastest-growing major economy. In this regard, India has left China behind in some aspects.

per capita income

31 Jul 2023

Per Capita Income Of Indians To Rise 70% In Next 7 Years: Report

The report sees as many as nine states growing to the upper middle income country status with $4,000 in per capita income, up from just one now, the report said sans naming the state.

India's economy

25 Jun 2023

Central Govt Created Employment-Generating Economy: Gadkari

He said people in passenger traffic, tourism, restaurants, hoteling, buses, railways and aviation?all got businesses because the footfall has gone up at these places. "Automobile industry in the country is Rs 7.50 lakh crore, 4.50 crore people got jobs.

25 Jun 2023

Central Bank Will Strive To Get CPI Down To 4%; El Nino A Challenge: RBI Gov

The central bank's rate hikes by a cumulative 2.50 per cent since May last year, coupled with supply-side measures from the government, have helped get the inflation down to 4.25 per cent in May from a peak of 7.8 per cent in April last year, Das said.

22 Jun 2023

Fitch Hikes India's GDP Forecast To 6.3% For Current Fiscal

Fitch further said that GDP growth in January-March was higher than expected, saying there has been a recovery in manufacturing after two consecutive quarterly contractions, a boost from construction, and an increase in farm output.

19 Jun 2023

Vedanta Ltd Plans To Invest USD 1.7 Billion In FY24 On Growth Projects

India's improved outlook in many ways is attributable to the government's quest for self-reliance in manufacturing, minerals and resources. Its importance was accentuated in the aftermath of the pandemic and the Russia-Ukraine conflict, which saw heightened uncertainties and geopolitical tensions globally.

31 May 2023

India's GDP Numbers Higher Than Expected

Reserve Bank of India (RBI) Governor Shaktikanta Das, at the recent annual conference of the Confederation of Indian Industry (CII), had said there are chances of India's gross domestic product (GDP) for FY23 crossing the estimated 7 per cent growth going by the trends.

31 May 2023

India Meets FY2023 Fiscal Deficit Target Of 6.4%

The government's capital spending on infrastructure projects increased 24.2% from last year to 7.36 trillion rupees, aiding the economy.

RBI GDP Projection

06 Apr 2023

RBI Slightly Increases India's GDP Growth Projection to 6.5 %

Asian Development Bank also expects India's economic growth to moderate to 6.4 per cent due to tight monetary conditions and elevated oil prices, as compared to 6.8 per cent expansion for the financial year ended March 2023.

28 Feb 2023

India's GDP Growth Gets Slow in December Quarter With 4.4%, Down From 6.3%

India's economic growth slowed further in the December quarter. Asia's third largest economy recorded year-on-year growth of 4.4% in October-December, down from 6.3% in July-September. India's manufacturing sector shrank by 1.1% year-on-year in the quarter.

Nirmala Sitharaman

30 May 2020

We have to take care of businesses built by sweat, toil of Indians: Sitharaman

Speaking on the show ‘Straight Talk’, Nirmala Sitharaman said that in India every issue or every policy decision has its own complexity when in comparison to any other country. India because of its diversity, because of the uneven spread of wealth and because of the levels of literacy, every policy becomes all the more complex when you try to implement it here

31 Aug 2018

India's economy grows at robust 8.2 percent in June quarter

India's economic growth surged to a more than two-year high of 8.2 percent in the three months through June from a year earlier, powered by a strong performance of manufacturing and consumer spending.

14 May 2018

India to clock GDP growth of 7.7% in January-March: Report

The report further noted that India is expected to witness cyclical recovery led by both investment and consumption.

15 Mar 2018

After World Bank, now Fitch predicts India's growth to touch 7.3% in FY19

According to Fitch, the pick up in growth is likely as the influence of one-off policy-related factor which was dragging growth has now waned.

farm loan waivers

18 Dec 2017

Farm loan waivers to raise state deficits by Rs 1.08 trillion: Report

The combined fiscal deficit of the states for FY18 has been budgeted at 2.7 percent of GDP or Rs 4.48 trillion.

13 Dec 2017

ADB lowers India's GDP forecast for FY-18 to 6.7%

India rebounded to 6.3 percent growth in the second quarter ended in September for this fiscal.

India's fiscal deficit

30 Nov 2017

Fiscal deficit crosses 96% of FY18 target at Oct-end

For 2017-18, the government aims to bring down the fiscal deficit to 3.2 percent of GDP.

17 Nov 2017

DHFL expects home loan growth of 30% this fiscal

The government has laid a very strong foundation for the affordable housing industry over the last few quarters, acknowledging the immediate need for India to respond to the huge demand for affordable housing, Mehta said.

13 Nov 2017

India to pip Japan as world's third largest economy by 2028: Report

The country has already overtaken Brazil and Russia to emerge as the second largest BRIC economy after China and is well on track to cross France and Britain to emerge as the world's fifth largest economy after Germany by 2019.

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